🇺🇸 Solo's In-DEBT-ENDence Day Giveaway — Enter for a chance to win up to $4,700 to pay off your debt! 🎆                      🇺🇸 Solo's In-DEBT-ENDence Day Giveaway — Enter for a chance to win up to $4,700 to pay off your debt! 🎆                      🇺🇸 Solo's In-DEBT-ENDence Day Giveaway — Enter for a chance to win up to $4,700 to pay off your debt! 🎆
Start My Answer
loading...

Do I Need a Debt Negotiator?

Melissa Lyken | December 11, 2023

Melissa-Lyken
Legal Expert, Paralegal
Melissa Lyken, BS

Melissa Lyken is a senior paralegal and legal-finance content writer with over eight years of professional legal and business experience and a bachelor’s degree in Sociology and Community Studies from the University of California, Santa Cruz.

Edited by Hannah Locklear

Hannah Locklear
Editor at SoloSuit
Hannah Locklear, BA

Hannah Locklear is SoloSuit’s Marketing and Impact Manager. With an educational background in Linguistics, Spanish, and International Development from Brigham Young University, Hannah has also worked as a legal support specialist for several years.

Summary: Can you negotiate with lenders on your own? Or do you need a debt negotiator? Find out the pros and cons and decide what you're going to do about your debt!

Do you have a hard time making monthly payments on your debts? Are you already late in paying your credit cards and other bills? Do your expenses keep piling up? If you are experiencing this situation and are looking for a solution that can help you escape your debt problems, you may want to explore the possibility of working with a debt negotiator. If you are curious to see if a debt negotiator can help you with your current financial situation, keep reading.

Negotiate for Faster Debt Settlement

Debt settlement is an agreement between the creditor and their debtor for a one-time payment of the unpaid debts or outstanding balance in an amount less than what the debtor owes. It is similar to having a discounted settlement on your unpaid or outstanding debts.

For example, the debtor has an unpaid debt of $40,000. They can make an offer to the creditor to settle the debt by paying $20,000 in a single payment, and in return, the creditor will have to forgive the remaining debt.

Sounds interesting? Well, there are two ways to approach a debt settlement. First, you can do it by yourself by negotiating directly with your creditor. Or, you can hire a debt negotiator.

Hiring a debt negotiator is not an easy decision to make. It takes a lot of courage and trust. But if you want to address your financial problems with someone who can provide advice and experience, getting a debt negotiator is a good option. Keep reading to gain further information about what a debt negotiator can do for you.

Respond to a debt collection lawsuit in 15 minutes with SoloSuit.

Debt Negotiators Work as Your Advocate

A debt negotiator is a third-party agent and financial professional who helps a debtor develop a debt settlement deal. They negotiate on behalf of the debtor, and their main goal is to help them absolve their debts and regain a good financial status.

When hiring a debt negotiator, you will have to acknowledge that your finances are not keeping up with your expenses and debt. You will need to ensure that there is open communication between you and your debt negotiator.

What a Debt Negotiator Can Do for You

An awareness that you are not alone in your debt battle is a good start. Having someone you can talk to and who can assist you when making decisions is an excellent reason to employ a debt negotiator. Here are the things that a debt negotiator can do for you:

Assess Your Finances and Create a Budget

A debt negotiator helps you assess your financial capabilities and the extent to which you can negotiate with your creditor. They can also help you decide which debt to prioritize. Remember that the final decision regarding how much to pay and to which creditor belongs to you. Debt negotiators will only help, assist and provide options. This is why ensuring open communication with your debt negotiator is very important, as it allows them to convey your current financial situation to your creditor accurately.

Importantly, to successfully pay your future settlement, a debt negotiator can also help you create a budget plan for your finances. They will review your income, expenses, and debts, then produce a budget plan that will help you save money and pay your future settlements.

Negotiate With Your Creditor

Negotiating with a creditor is not as easy as it should be. You have to convince them that you should be allowed to obtain a debt settlement. A debt negotiator will be highly experienced in communicating and negotiating with your creditors. They will know how your credit card companies and other debt collectors operate. Your debt negotiator can provide an outline of what to expect when negotiating a successful settlement with your creditor.

Settle Debt for Less Than You Owe

Having a debt negotiator will help you obtain an idea of the discount you may expect from your creditor. They can also assess whether you may be able to get a better settlement than the ones being offered to you by your creditor.

Request a New Repayment Plan

If you cannot afford a settlement, your debt negotiator can also help you negotiate a new repayment scheme. Once the creditor observes that the debtor has a hard time paying their outstanding debts, most will settle for a new repayment plan rather than financial loss. The debt negotiator can also ask your creditor for a payment extension and an adjustment of interest to ensure a lower monthly payment within your financial capacity to pay.

Use SoloSuit to respond to debt collectors fast.

How to Know If You Will Benefit From Using a Debt Negotiator

If you are struggling with your unpaid debts, outstanding balances on your credit cards, or other due debts, then it may be time to talk to a debt negotiator. Do not wait for your creditor to sue you and seek a judgment. Receiving a judgment against you may result in the seizure of your properties, garnishing of your wages, or even levying of your bank accounts.

If things are starting to fall apart, you should make the first move to lessen the burden. Begin by contacting a debt negotiator and determining whether they can help you negotiate with your creditor for a debt settlement.

What is SoloSuit?

SoloSuit makes it easy to respond to a debt collection lawsuit.

How it works: SoloSuit is a step-by-step web-app that asks you all the necessary questions to complete your answer. Upon completion, you can either print the completed forms and mail in the hard copies to the courts or you can pay SoloSuit to file it for you and to have an attorney review the document.

Respond with SoloSuit

"First time getting sued by a debt collector and I was searching all over YouTube and ran across SoloSuit, so I decided to buy their services with their attorney reviewed documentation which cost extra but it was well worth it! SoloSuit sent the documentation to the parties and to the court which saved me time from having to go to court and in a few weeks the case got dismissed!" – James

Get Started

>>Read the FastCompany article: Debt Lawsuits Are Complicated: This Website Makes Them Simpler To Navigate

>>Read the NPR story on SoloSuit: A Student Solution To Give Utah Debtors A Fighting Chance

How to Answer a Summons for debt collection in all 50 states

Here's a list of guides on how to respond to a debt collection lawsuit in each state:

The Ultimate 50 State Guide

Guides on how to resolve debt with every debt collector

Are you being sued by a debt collector? We’re making guides on how to resolve debt with each one.

Resolve your debt with your creditor

Some creditors, banks, and lenders have an internal collections department. If they come after you for a debt, Solosuit can still help you respond and resolve the debt. Here’s a list of guides on how to resolve debt with different creditors.

Settle your medical debt

Having a health challenge is stressful, but dealing medical debt on top of it is overwhelming. Here are some resources on how to manage medical debt.

Guides on arbitration

If the thought of going to court stresses you out, you’re not alone. Many Americans who are sued for credit card debt utilize a Motion to Compel Arbitration to push their case out of court and into arbitration.

Below are some resources on how to use an arbitration clause to your advantage and win a debt lawsuit.

Stop calls from debt collectors

Do you keep getting calls from an unknown number, only to realize that it’s a debt collector on the other line? If you’ve been called by any of the following numbers, chances are you have collectors coming after you, and we’ll tell you how to stop them.

Federal debt collection laws can protect you

Knowing your rights makes it easier to stand up for your rights. Below, we’ve compiled all our articles on federal debt collection laws that protect you from unfair practices.

Get debt relief in your state

We’ve created a specialized guide on how to find debt relief in all 50 states, complete with steps to take to find relief, state-specific resources, and more.

Debt collection laws in all 50 states

Debt collection laws vary by state, so we have compiled a guide to each state’s debt collection laws to make it easier for you to stand up for your rights—no matter where you live.

Statute of limitations on debt state guides

Like all debt collection laws, the statute of limitations on debt varies by state. So, we wrote a guide on each state’s statutes. Check it out below.

Statute of Limitations on Debt Collection by State (Best Guide)

Check the status of your court case

Don’t have time to go to your local courthouse to check the status of your case? We’ve created a guide on how to check the status of your case in every state, complete with online search tools and court directories.

How to stop wage garnishment in your state

Forgot to respond to your debt lawsuit? The judge may have ordered a default judgment against you, and with a default judgment, debt collectors can garnish your wages. Here are our guides on how to stop wage garnishment in all 50 states.

Other wage garnishment resources

How to settle a debt in your state

Debt settlement is one of the most effective ways to resolve a debt and save money. We’ve created a guide on how to settle your debt in all 50 states. Find out how to settle in your state with a simple click and explore other debt settlement resources below.

How to settle with every debt collector

Not sure how to negotiate a debt settlement with a debt collector? We are creating guides to help you know how to start the settlement conversation and increase your chances of coming to an agreement with every debt collector.

Other debt settlement resources

Personal loan and debt relief reviews

We give a factual review of the following debt consolidation, debt settlement, and loan organizations and companies to help you make an informed decision before you take on a debt.

How to repair and improve your credit score

Debt has a big impact on your credit. Below is a list of guides on how to repair and improve your credit, even while managing major debt.

How to resolve student loan debt

Struggling with student debt? SoloSuit’s got you covered. Below are resources on handling student loan debt.

Civil law legal definitions

You can represent yourself in court. Save yourself the time and cost of finding an attorney, and use the following resources to understand legal definitions better and how they may apply to your case.

Get answers to these FAQs on debt collection

How-to debt guides

Learn more with these additional debt resources


It only takes 15 minutes.

And 50% of our customers' cases have been dismissed in the past.


"Finding yourself on the wrong side of the law unexpectedly is kinda scary. I started researching on YouTube and found SoloSuit's channel. The videos were so helpful, easy to understand and encouraging. When I reached out to SoloSuit they were on it. Very professional, impeccably prompt. Thanks for the service!" - Heather



Get Started

Contents